Canada Nickel (CVE:CNC) Reaches New 52-Week Low – Should You Sell?

Canada Nickel Company Inc. (CVE:CNC) shares hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.76 and last traded at C$0.77, with a volume of 66949 shares traded. The stock had previously closed at C$0.78.

Canada Nickel Price Performance

The company has a quick ratio of 1.20, a current ratio of 0.64 and a debt-to-equity ratio of 10.24. The company has a market capitalization of C$137.45 million, a P/E ratio of -15.48 and a beta of 2.31. The company’s fifty day moving average price is C$0.86 and its 200 day moving average price is C$0.97.

Insider Buying and Selling

In other Canada Nickel news, Director David Smith purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were bought at an average price of C$0.84 per share, for a total transaction of C$42,055.00. Also, Senior Officer Stephen James Balch sold 123,996 shares of Canada Nickel stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$0.87, for a total transaction of C$107,876.52. 14.82% of the stock is currently owned by company insiders.

Canada Nickel Company Profile

Canada Nickel Company Inc, together with its subsidiaries, engages in the exploration, discovery, and development of nickel sulphide assets. It also develops zero-carbon production of nickel, cobalt, and iron. Its flagship project is the Crawford Nickel project located in northern Ontario, Canada. It serves electric vehicle, green energy, and stainless steel markets.